Saudi Central Bank’s $60B Bitcoin Bet Signals Major Crypto Adoption in MENA

In a landmark move for cryptocurrency adoption in the Middle East, the Saudi Central Bank has secured indirect exposure to 568,840 BTC (worth approximately $60 billion) through a strategic stake in MicroStrategy (now rebranded as Strategy). This development, revealed in a May 16 SEC filing, positions Saudi Arabia as the regional leader in crypto growth with a staggering 154% year-over-year surge. The transaction mirrors Norway's sovereign wealth fund approach to digital asset diversification and represents one of the largest institutional Bitcoin acquisitions by a Middle Eastern entity. As of August 2025, this strategic positioning suggests growing confidence among oil-rich nations in Bitcoin as a reserve asset, potentially signaling a new phase of institutional adoption in emerging markets. The Saudi move comes amid increasing global recognition of Bitcoin's store-of-value properties, particularly among nations seeking to diversify away from traditional fiat currencies and US dollar-denominated assets.

Saudi Central Bank Secures $60B Bitcoin Exposure via Strategy Stake

The Saudi Central Bank has taken a significant step into the cryptocurrency market by acquiring a stake in Strategy (formerly MicroStrategy), gaining indirect exposure to 568,840 BTC—worth nearly $60 billion. The move, disclosed in a May 16 SEC filing, mirrors Norway's sovereign wealth fund approach to crypto diversification.

Saudi Arabia now leads the MENA region in crypto growth, with a 154% year-over-year surge, despite lacking formal exchange regulations. This strategic pivot underscores shifting reserve strategies among global financial institutions as Bitcoin solidifies its role in institutional portfolios.

Celebrate Binance Pizza Day: Binance’s Global Crypto Pizza Parties

On May 22, 2010, Laszlo Hanyecz, a Florida-based programmer, made history by trading 10,000 bitcoins for two pizzas from Papa John’s. What began as a lighthearted experiment now stands as a landmark moment in cryptocurrency lore—those bitcoins WOULD be worth millions today. Binance commemorates this event with global pizza parties, celebrating Bitcoin’s journey from niche curiosity to mainstream asset.

Bitcoin Poised for Rally to $131K-$155K as Bullish Indicators Align

Bitcoin's trajectory suggests an impending surge toward the $131,000-$155,000 range, building on a 24% gain over the past three weeks. The cryptocurrency now trades at $104,000, bolstered by converging bullish signals from the Global M2 Money Supply and Commitment of Traders reports. These metrics validate the Elliott Wave Principle count, which has proven instrumental in forecasting BTC's upward momentum.

Market participants risk being sidelined as FOMO intensifies, particularly if weekly gains exceed $10,000. Technical analysis indicates critical support at $93,326—a level that must hold to maintain the current wave structure. The setup implies powerful nested first and second waves, typically precursors to accelerated price appreciation.

Brazil's Méliuz Becomes First Publicly Traded Firm to Adopt Bitcoin Treasury Strategy

Brazilian fintech company Méliuz has made history by becoming the country's first publicly traded firm to adopt a bitcoin treasury strategy. Shareholders overwhelmingly approved the move, which includes the purchase of 274.52 BTC worth approximately $28.4 million, boosting the company's total Bitcoin holdings to 320.3 BTC.

The bold crypto pivot has already yielded tangible results—Méliuz's stock price has surged 116% since March. Executive Chairman Israel Salmen hailed the decision as transformative, positioning the company at the forefront of corporate Bitcoin adoption in Latin America's largest economy.

Bitcoin Long-Term Holders Accumulate 339K BTC Amid Market Consolidation

Bitcoin's bullish momentum has tempered after a 40% surge from April lows, with prices consolidating above the $100,000 psychological level. Resistance NEAR $105,000 remains unchallenged as traders assess demand. Market uncertainty lingers, with analysts cautioning that a breakdown could occur if $100,000 support falters.

Long-term conviction remains unshaken. CryptoQuant data reveals steadfast accumulation by Bitcoin holders, with 339,000 BTC added to cold storage since April 4. This persistent buying from diamond-handed investors underscores institutional confidence in Bitcoin's value proposition, even during price stagnation.

Fidelity Investments Predicts New Bitcoin All-Time High Incoming

Fidelity Investments, a $5 trillion asset manager, anticipates Bitcoin will reach a new all-time high before the current market cycle concludes. The firm highlighted BTC's bullish momentum in a recent analysis posted on X, noting an acceleration phase following 69 days of low profit and high volatility.

Market observers trace the current bullish trajectory to June 2023, when early signs of a bottoming phase emerged. Institutional confidence continues to grow as major players like Fidelity validate Bitcoin's long-term potential.